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Via Transportation, Inc. Class A
(NYSE:VIA)
Select Model
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Rating:52Neutral
Price Target:
$29.00
▲(3.98% Upside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak financial performance (persistent losses and cash burn), partially offset by a constructive earnings-call outlook (raised revenue guidance and a credible path toward Q4 2026 adjusted EBITDA profitability). Technicals are supportive but look overextended, while valuation remains constrained due to negative earnings and no dividend support.
Positive Factors
Strong growth and expanding customer base
Rapid revenue growth alongside broader customer adoption supports Via’s market expansion. Increasing large-account penetration can improve revenue durability and create operating leverage as deployments scale across transit networks.
Negative Factors
Persistent losses and negative cash generation
Strong growth has not yet translated into sustainable earnings or cash generation. Continued losses could require prolonged investment and increase execution pressure, even though recent adjusted profitability metrics are improving.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong growth and expanding customer base
Rapid revenue growth alongside broader customer adoption supports Via’s market expansion. Increasing large-account penetration can improve revenue durability and create operating leverage as deployments scale across transit networks.
Read all positive factors
Via Transportation, Inc. Class A (VIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.25B
Dividend YieldN/A
Average Volume (3M)1.15M
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth29.13%
EPS Growth-25.19%
CountryUS
Employees1,040
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.19
Shares Outstanding77,659,430
10 Day Avg. Volume769,093
30 Day Avg. Volume1,146,567
Financial Highlights & Ratios
PEG Ratio7.49
Price to Book (P/B)3.71
Price to Sales (P/S)5.36
P/FCF Ratio-63.33
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$38.60Price Target Upside38.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$548.77M
Via Transportation, Inc. Class A Business Overview & Revenue Model
Company Description
Via Transportation, Inc. delivers digital platforms for public mobility across the United States, Germany, and other international markets. Central to its offerings is "TransitTech," a specialized public mobility platform designed to empower partn...
How the Company Makes Money
Via primarily makes money by providing its technology platform and related services to organizations that operate transportation programs, especially public-sector transit agencies and municipalities. null...
Via Transportation, Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveyed a clearly positive operating and financial trajectory: robust 27% YoY revenue growth, a record pipeline (> $700M) that doubled YoY, rising revenue per customer, expanding gross margin, strong cash/no-debt balance, and accelerating AI-driven product and efficiency gains. Key risks remain—adjusted EBITDA and net income are still negative (albeit materially improved), margins benefited from some one-time mix effects, currency headwinds (~$2.2M impact), seasonality and deliberate near-term investments will pressure Q3 profitability, and the sales-to-revenue lag (≈1 year) creates timing risk on pipeline conversion. On balance, the highlights significantly outweigh the lowlights, with a credible path to Q4 profitability supported by a large pipeline and improving unit economics.Positive Updates
Strong Revenue Growth
Q2 2026 revenue grew 27% year-over-year to $136.0M; annualized run-rate revenue reached $543M (27% YoY growth).
Negative Updates
Profitability Still Not Yet Achieved
Adjusted EBITDA remains negative (-$3.4M in Q2) and full-year adjusted EBITDA guidance is still a loss range of -$12.5M to -$7.5M; profitability milestone targeted for Q4 2026 but not yet achieved.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Q2 2026 revenue grew 27% year-over-year to $136.0M; annualized run-rate revenue reached $543M (27% YoY growth).
Read all positive updates
Company Guidance
Via guided Q3 2026 revenue of $137.6–$138.2 million (up 25.5%–26% year‑over‑year) with adjusted EBITDA of negative $4.5–$3.5 million, citing typical summer seasonality and deliberate investment in network and school launches that should ramp in Q4; for full‑year 2026 it raised revenue guidance to $550–$553 million (up 26.6%–27.3% YoY) while maintaining adjusted EBITDA guidance of negative $12.5–$7.5 million and reiterated the goal of delivering the company’s first positive adjusted EBITDA quarter in Q4 2026 — guidance management said is supported by a pipeline topping $700 million in gross ACV and an implied annual run rate of $543 million based on Q2 results.Via Transportation, Inc. Class A Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
55
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 491.70M | 434.34M | 337.63M | 248.85M | 460.49M | 393.49M |
| Gross Profit | 194.88M | 171.80M | 130.84M | 99.41M | 103.40M | 70.27M |
| EBITDA | -84.99M | -77.97M | -75.27M | -106.50M | 41.59M | 26.36M |
| Net Income | -98.53M | -96.36M | -90.28M | -116.69M | 11.20M | -3.95M |
Balance Sheet | ||||||
| Total Assets | 718.35M | 733.10M | 387.83M | 367.94M | 330.95M | 355.28M |
| Cash, Cash Equivalents and Short-Term Investments | 335.92M | 370.91M | 77.91M | 71.74M | 33.66M | 68.90M |
| Total Debt | 18.02M | 28.50M | 1.28B | 17.83M | 120.00M | 135.00M |
| Total Liabilities | 100.04M | 105.36M | 1.38B | 1.29B | 214.90M | 217.64M |
| Stockholders Equity | 618.31M | 627.74M | -987.09M | -918.08M | 130.28M | 140.64M |
Cash Flow | ||||||
| Free Cash Flow | -48.33M | -36.78M | -74.41M | -97.42M | 9.34M | 6.19M |
| Operating Cash Flow | -40.83M | -30.87M | -69.96M | -92.62M | 16.21M | 12.70M |
| Investing Cash Flow | -47.11M | -45.81M | -4.45M | -43.33M | -6.87M | -6.51M |
| Financing Cash Flow | 345.79M | 368.33M | 80.28M | 113.93M | -49.30M | -2.56M |
Via Transportation, Inc. Class A Risk Analysis
Via Transportation, Inc. Class A disclosed 66 risk factors in its most recent earnings report. Via Transportation, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Via Transportation, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | $4.75B | 22.59 | 84.35% | ― | 48.63% | 291.92% | |
70 Outperform | $645.13M | -22.08 | -14.05% | ― | 11.85% | 47.54% | |
69 Neutral | $1.96B | -142.25 | 25.17% | ― | 15.79% | -125.94% | |
57 Neutral | $23.02M | 45.95 | 9.01% | ― | 40.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $2.25B | -23.75 | -16.13% | ― | 29.13% | -25.19% |
* General Sector Average
VIA
Via Transportation, Inc. Class A
28.26
-22.79
-44.64%
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11.04
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374.01
156.18
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Via Transportation, Inc. Class A Corporate Events
Business Operations and StrategyExecutive/Board Changes
Via Transportation names new Chief Legal Officer
Positive
Jul 10, 2026
Via Transportation, Inc. has announced that it will appoint Matt Levine as Chief Legal Officer effective July 27, 2026, bringing in his extensive experience from Clear Secure, Inc. and Success Academy Charter Schools to oversee the company’s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.